Opportunities in Morocco's Growing Pharmaceutical Sector
- The Trade Adviser
- Oct 24, 2024
- 1 min read
Updated: Jun 7
Morocco's pharmaceutical sector is rapidly growing, presenting numerous opportunities for both local and international players. With a supportive government, a strategic location, and an increasing demand for healthcare, the country is becoming an attractive hub for pharmaceutical investments. This article explores the various aspects of this burgeoning industry, including its current state, government support, and future prospects.
Key Takeaways
Morocco's pharmaceutical market is expanding, projected to reach $1.9 billion by 2021.
The government is implementing health insurance programs to cover a larger portion of the population.
There is a growing focus on research and development, especially in creating new drugs.
The rise of e-commerce is improving access to medicines, particularly in remote areas.
Challenges like regulatory hurdles and competition from global firms remain, but opportunities abound.
